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Forex News Daily Recap (10/6): Dollar Stumbles as ADP Jobs Report Points to More QE

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Uploaded by on Oct 6, 2010

A US jobs report showed that private companies shed payrolls in September. That increased the prospect of quantitative easing by the Fed and pressured the US Dollar. In NY trading we saw the EUR/USD at a fresh 6-month high, USD/JPY breached a fresh 15-year low, USD/CHF fell to a new record low, and the AUD/USD climbed to a 26-month high.

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Forex Market Analyst: Nick Nasad

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